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… Canada. The team’s focus lately has been on the design of Lynx, our new core clearing and settlement system, and, in … fulfill the oversight expectations of the Bank of Canada, Lynx will adopt a real-time gross settlement (RTGS) model. … use of Liquidity Savings Mechanisms (LSMs) to augment the Lynx model. Our work with FNA involves simulation-based …

… payments in Canada includes not only our systems, but the rules that govern them,” said Shawn Van Raay, Chief … consultation earlier this year. +Visit Payments Canada’s Rules & Documentation …

… team, leading policy files related to membership expansion, Lynx, and the RTR, in addition to supporting Payments … currently rely on an intermediary to settle payments in Lynx 10 during dedicated settlement windows. Once CP Act … requirements that are outlined in the system by-laws and rules. 12 Further, a settlement account from the Bank of …

… requirements, as defined by Payments Canada’s existing rules, require merchants to have consistent online … Information Officer of Payments Canada. “Modernizing the rules framework for payments in Canada will enable merchants … before choosing any method of payment.” Visit ACSS Rules and Standards   The announcement of Payments Canada’s …

… with the payment ecosystem to innovate payment systems and rules to benefit Canadians, and to ensure Canada and … this work, in 2021 Black led the seamless implementation of Lynx, replacing the Large Value Transfer System (LVTS), … since 1999. In March 2023, Black led the second release of Lynx, which introduced the ISO 20022 financial message …

… a technology delivery perspective, with a specific focus on Lynx and the real-time rail. Payments Canada is leading a … industry program to modernize the infrastructure, rules and standards that underpin payments in Canada. These … infrastructure, including associated systems, bylaws, rules and standards. The value of payments cleared by …

… that owns and operates Canada's payment systems, Lynx and the Automated Clearing Settlement System (ACSS). … for the physical infrastructure and the associated by-laws, rules, and standards that support these systems. It also has …

… for a new rule, as part of its point-of-service payment rules framework, to enable a broader range of …

…  and Corporate Creditor Identification Number  services. Lynx and Real-time-Rail sandbox trial APIs are scheduled for … infrastructure, including associated systems, bylaws, rules and standards. The value of payments cleared and …